Problems:
Ch 1 – single factor, multi-factor productivity Ch 2 - product yield, multistage product yield Ch 3 –p-charts, c-charts, x-bar and R charts, Cp, Cpk, control chart patterns Ch 4 - reliability, system availability Ch 5 – basic queuing model
Chapter 1
Definitions of operations
Operations as a transformation process inputs (material, machines, labor, management, capital) are transformed into outputs (goods and services) requirements and feedback from customers are used to adjust factors in the transformation process, which may in turn alter inputs
Operations as a basic function marketing – creates demand for goods and services finance – provides the capital to produce goods and services operations – produces the goods and provides the services. Typically employs the most people and the most $ assets
Operations as a technical core four primary functional areas of a firm: marketing finance operations human resources
Brief history (know key players)
Industrial revolution
James Watt – steam engine
Adam Smith – division of labor
Eli Whitney – interchangeable parts
Scientific management
Frederick W. Taylor – principles of scientific management
Frank and Lillian Gilbreth – time and motion studies
Henry Gantt – activity scheduling chart
Henry Ford – moving assembly line
Human relations
Elton Mayo – hawthorne studies
Abraham Maslow, Frederick Herzberg, Douglas McGregor – motivation studies
Management science
George Dantzig – linear programming
Remington Rand – digital computer
Operations research groups – simulation, waiting line theory, decision theory, PERT/CPM
Joseph Orlicky, IBM, and others – MRP, EDI, EFT, CIM
Quality revolution
Taiichi Ohno (Toyota) – JIT (just-in-time)
Information age
Globalization
Green revolution
Globalization - why go global? Risks
Why go global?
Favorable cost
Access to international markets
Response to changes in demand
Reliable sources of supply
Latest trends and technologies
Risks:
In internet
Falling trade barriers
Emerging economies
Competitiveness - what it is, how it's measured, productivity
Competitiveness – the degree to which a nation can produce goods and services that meet the test of international markets while simultaneously maintaining or expanding the real incomes of its citizens.
The most common measure of competitiveness is productivity
Increases in productivity allow wages to grow without producing inflation, thus raising the standard of living.
Productivity – the ratio of output to input.
Productivity improves when firms:
Become more efficient
Downsize
Expand
Retrench
Achieve breakthroughs
Strategy formulation, how firms compete
Defining a primary task
Primary task – what the firm is in the business of doing.
Assessing core competencies
Core competency – what the firm does better than anyone else.
Determining order winners and order qualifiers
Order qualifiers – what qualifies an item to be considered for purchase.
Order winners – what wins the order.
Positioning the firm
Positioning – how the firm chooses to compete.
Eliminate all waste.
Firms have positioned themselves to compete on cost, speed, quality, and flexibility.
Speed – fast moves, fast adaptations, tight linkages.
Quality – a way to please the customer.
Flexibility – the ability to adjust to changes in product mix, production volume, or design.
Mass customization – the mass production of customized products.
Deploying the strategy
Policy deployment – translates corporate strategy into measurable objectives.
Hoshins – the action plans generated from the policy deployment process.
Balanced scorecard – a performance assessment that includes metrics related to customers, processes, and learning and growing, as well as financials.
Key performance indicators (KPI) – a set of measures that help managers evaluate performance in critical areas.
Operations
Chemistry 113 Exam 1 Review Starting with benzene, determine what product(s) you would form using the following reagents: You may need one, two or three different combinations to obtain a product. KMnO4, H3O+ ClCO(CH2)2CH3, AlCl3 Br2, FeBr3 CH3CH2CH2CH2Cl, AlCl3 Cl2, FeCl3 H2/Pd CH3Cl, AlCl3 NBS, peroxides HNO3, H2SO4 (CH3)3CCH2Cl Be prepared to identify all aromatic activators and deactivators, in addition to the ring positions each affects. Various substances discussed in lecture have…
EXAM #1 REVIEW The Scientific Method (steps) 1) Start with an interesting question a. “Big Q” 2) Propose an informal hypothesis (H) or research question (RQ) a. Informal =uneducated b. Previous research suggests… 3) Formalize the H/RQ a. Retesting previous research i. Mainly retesting/ not testing new things 4) Conduct the observation measurement, or experiment a. Measurement = “Quantitative” b. Experiment = “Quantitative” 5) Analyze & Interpret the data a. Analyze = Answers (what) b. Interpret…
HLTH 236: Exam 1 Review Grades posted after TR classes take their exams 48 Questions, T/F, fill in blank, one matching = 100 pts total Author’s name, read intro & discussion/results sections Don’t worry about stats Know major findings – implications to health of varying races from articles Module 1: Article: Socioeconomic Disparities in Health by Paula Braveman Patterns in the US Lower income & lower education = Lower Social Economic Status Know which race groups have lowest/highest, healthiest…
AGED 260 Exam 1 Review Sheet Framing Leadership Think about the quote: “How you think about leadership will strongly influence how you practice leadership.” Peter Northouse Leadership will help people to develop the ability to work as a team or group to achieve the common goals. It helps people to cultivate the good qualities to become a excellent leader. What is Kolb’s experiential learning cycle? What are the three questions to ask as you go through an experience? What do the five different…
MGMT 460 Exam 1 Review 1. What are typical integration problems? Different backgrounds and interests of people in different departments Minimal communication between groups Difference among groups in priority of roles and goals 2. What are common mechanisms to help organizations with integration? Provide for integrator or liaison roles Require interaction across groups Assign joint responsibilities for common goals Go “up” the chain of command Create task forces, teams, or committees Improve efficiency…
* According to the product type model developed by Pitts, fielding, and miller, the sports industry could be divided into all the follow sectors except: * Professional segment * The sport performance segment includes all products and services related to participation and spectatorship. More specifically, amateur and professional sports, sport education, fitness and sport firms are good examples for this category. * The sport production segment on the other hand involves…
CHEM 251 EXAM 1 REVIEW Chapter 1 – 60 points Definition of organic compounds-two main elements-why carbon is so important Organic compounds or organic molecule is a chemical which mainly contains carbon, forming carbon-carbon bonds and carbon-hydrogen. Carbon is the key for: -Diversity of compounds possible thanks to forms chaims easily -Forms 4 covalent bounds, especially other carbom atoms and can form chains of carbom atoms with very strong bonds. -Stabilitu. -Is a small atom.…
Real Estate Finance – Exam 1 Study Guide 1. The difference between real and personal property a. real estate – property that is tangible, land and/or improvements permanently attached on or to the land (non-movable) b. personal property (personalty) – all intangibles and movable things 2. What is meant by an estate a. Everything a person owns, to include real and personal property b. Real property = deed, personal property = bill of sale 3. The types of estates and the various interests one can acquire…
MGT 4373 EXAM 1 REVIEW CH.1 CH.2 Managing Equal Opportunity & Diversity Terms: Equal Pay Act of 1963: unlawful to discriminate in PAY on the basis of sex when jobs involve equal work – equivalent skills, effort, and responsibility – and are performed under similar working conditions. DOES NOT violate if the difference is based on a seniority system, a merit system, a system that measures earnings by quantity or quality of production, or a differential based on any other factor other than…
Format of exam: 10-15 multiple choice: various content about studies, clips, IDs: 10-15 terms conceptual about central elements of studies Short answers for these, bullet points 3-5 sentence questions about concepts CASE STUDY: hypotheses, methodology, results of studies covered in lec Ex Case study on violence: is violence correlated with increased aggression Answer the question and site three readings USE CHEAT SHEET FOR THIS Content analysis, surveys, experiments. Know enough to know methodology…